Best Short-Term Selling Areas for GBP/USD

The GBP/USD pair has rebounded from previously indicated supply zones.

The pair has already fallen sharply, forming new strong selling areas.

These areas are located at the same previous levels, near 1.3480.

The current movement of the GBP/USD is inclined toward selling operations.

Therefore, a decline is expected in the medium term.

Currently, if the pair returns and rises to the specified supply zones,

 it is still expected to decline from them again, as shown on the chart.

However, if the pair breaks and closes above the current areas,

a rise is expected near the next supply zones, which are considered

one of the most important and strongest selling areas, located at 1.3629.

In general, the pair is more oversold, so it is preferable to focus more on selling.